Marston Law

Recent Marston Law News:

Energy Law Journal - C02 Regulation

November 11, 2008:  Philip M. Marston and Patricia A. Moore have recently published an article which examines important issues with regards to carbon regulation.  The article, From EOR to CCS: The Evolving Legal and Regulatory Framework for Carbon Capture and Storage, can be found in Volume 29, No 2 (2008) of the Energy Law Journal, located at the following link:

· Energy Bar Association– Energy Law Journal

 

Climate Change Legislation in the House

October 7, 2008:  Representatives John Dingell and Richard Bouchard released a discussion draft of climate change legislation on October 7, 2008, stating that the draft "is the culmination of nearly two years of intensive work on climate change by the Committee and marks an important step in our ongoing efforts to address this increasingly serious problem".

 

The text of the discussion draft of the legislation and supporting documents are available from the Committee's website at:

· http://energycommerce.house.gov/Climate_Change/index.shtml

 

Energy Bar Association: Climate Change and Emissions Committee Meeting

On September 23, 2008, the EBA will be hosting a meeting to discuss “Carbon Capture and Storage: Can it be done, and how will it be regulated?”  The meeting will take place from 12 pm—1:30 pm (E.T.) and can be attended in person or via teleconference.  For details about registration and location, please see the EBA’s attached announcement. 

 

Wall Street Banks Announce Formation of The Carbon Principles

February 4, 2008:  Citi, JPMorgan Chase and Morgan Stanley combined to promulgate the Carbon Principles, “a set of guidelines for advisors and lenders to power companies in the United States.”  The group of banks collaborated with power companies and environmental groups in “a nine-month intensive effort to create an approach to evaluating and addressing carbon risks in the financing of electric power projects.” 

· February 4, 2008 Press Release

 

Bank of America Announcement on Carbon Costs

Bank of America has announced that it will begin assessing the cost of carbon in its risk and underwriting processes in evaluating the business models of utility sector companies. They estimate that absent Federal legislation the cost of carbon will fall between $20-$40 per ton.

· February 12, 2008 Speech by Ken Lewis, Chairman and Chief Executive Officer, Bank of America

 

Paris Europlace Forum, NY

Mr. Marston moderated a panel of French experts on CO2 Emissions trading and weather risk management products and services at the 2007 New York Financial Form of Paris Europlace.

 

Link to Paris-Europlace program:

http://www.paris-europlace.net/ny07/program.htm

 

Doing the deal— Paris CO2 Symposium

Mr. Marston recently gave a presentation at the “2e Colloque International sur le Captage et Stockage Géologique du CO2” in Paris, speaking on standards for carbon sequestration in US Federal and State regulation.

 

Link to the Paris CO2 Symposium:

http://www.co2symposium.com

 

Link to powerpoint presentation:

“Doing the deal”: standards for qualifying sequestration under US Federal and state regulation

 

 

The Limits to Liberalization

Mr. Marston recently published a review of both Michel Guénaire’s Le génie français and Nicolas Sarkozy’s Témoignage.

 

Link to the article in the Energy Law Journal:

The Limits to Liberalization

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